Reply to If you were born in 1990, how do you plan on ever affording a house?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just venting here. Seems like every major coming of age event in my life is met with huge hurdles. I finally was able to save for a down payment after working for a lousy post-recession corporate job, and now the housing market has completely exploded and interest rates are going up. I don't know what to do to get ahead in life anymore. [/quote]

I'm GenX. This happened to us. The dotcom bust came along before we were able to sock away much money from the booming 90s. The 2000s were economically lethargic, but a lot of us were able to get into the housing game just before the Great Recession.

Just keep grinding it out.

[/quote]

What? Im genx and feel sooo fortunate to have been born in 1976. Graduated college in 1999 and landed a good job. Sure it went bust, but i had professional experience and the bounce back was fast. I also bought a SFH house in VIENNA in 2000 for 250k. I met my DH in college and we put finances together to afford that house and we thought that mortgage of $1700/mo was SO high, so we rented a room out. Genx has it so easy.[/quote]

Most 25 years can't put together $25k 4 years out of college. That would have been 1/2 the value of my parents house. Student debt, entry level jobs. Was your DH older, and what kind of jobs gave you that route?[/quote]

We did an FHA loan and put 3% down. I made 50k and DH (BF at the time) made 55k. Very easy to qualify with a combined income of 100k. No student loans. We met at GMU and i lived at home while in school and we both paid cash from waiting tables/bartending. Graduated college with no debt and a little savings. We picked Vienna Woods because we both went to GMU andnthis was home. Plus our jobs were in Tysons. Trailblazers in NOVA IT [/quote]

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